Shari Redstone ended Skydance Media merger talks, causing Paramount's shares to fall 8%.
Paramount Global's future is uncertain after Shari Redstone, controlling the company through National Amusements, ended Skydance Media merger talks. Investors reacted negatively, with Paramount shares falling 8% post-decision. Skydance's proposed transaction had legal risks, and now the focus shifts to Paramount's potential next moves.
June 16, 2024
3 Articles